Ehrling Brothers Company makes jobs to customer order. During the month of July, the following occurred: a. Materials were purchased on account for $45,760. b. Materials totaling $40,880 were requisitioned for use in producing various jobs c. Direct labor payroll for the month was $25,600 with an average wage of $10 per hour d. Actual overhead of $8,870 was incurred and paid in cash e. Manufacturing overhead is charged to production at the rate of $5.40 per direct labor hour. 1. Completed jobs costing $59,000 were transferred to Finished Goods. 9. Jobs costing $58,000 were sold on account for $ 73,750. Make the entry to record the revenue from the sale first, followed by the entry to record the cost of the jobs Beginning balances as of July 1 were Materials Inventory $1,300 Work In Process Inventory 3,400 Finished Goods Inventory 2,640 Required: 1. Prepare the journal entries for the preceding events, eBook 1. Prepare the journal entries for the preceding events. a. b. C. d. 0 0 0 1 1 1 0 0 0 0 e. f. 9 (1) 0 (2) Check My Work eBook d. e. f. 9 (1). 0 10 g (2). 2. Calculate the ending balances of: a. Materials Inventory b. Work-in-Process Inventory DOO c. Overhead Control d. Finished Goods Inventory Check My Work